Listing Agency: RE/MAX First L***@gmail.com Show Phone

Listed By: Charles Lutz · License #6501290066 Show Phone

Source: Exprealty

Added: Mar 12 Changed: Aug 30 Last Checked: Aug 30 at 10:02PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX First

Investment Insights

Based on property information with market context.

This motel property includes 9 rental units arranged as 6 one-bedroom motel rooms, 2 separate cottages, and a mobile home. The improvements also include a 1,620-square-foot home with a basement, a storage shed, and a 3-car garage. Rental units are furnished and hardwired for Wi-Fi, with internet cabling extending underground from the main house to each unit.

The property occupies a 100-foot waterfront beach at 5139 Main St in Greenbush, Michigan. The main home provides an additional residential component alongside the rental accommodations. The roof was replaced in 2012, adding a documented improvement date to the property’s operating history.

Key Highlights

• 9 rental units: 6 one‑bedroom motel rooms, 2 cottages, and 1 mobile home
• 100‑foot waterfront beach in Greenbush, MI
• 1,620‑square‑foot home with basement

Property Analytics

Property Profile

Current Use

Pappas Motel and Cottages Hotel & Motel

Suggested Use

Top Pick Garden Center Florist Bed & Breakfast Bar & Pub Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Residential units

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 48738, MI

1,163

Population

1,405

Households

0.8

Avg Household Size

59

Median Age

20%

College-Educated

97%

High-School Grad

12.6 sq mi

ZIP Area

92

Density / Sq Mi

$64,432

Median Household Income

$31,625

Median Earnings

$810

Median Rent

$153,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this motels located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

9-Hole Golf Course with Clubhouse

1981 US-23, Greenbush, MI 48738

$675,000

2,922 SF

View details

Lake Huron Cabin Investment Opportunity

4060 S US-23 Hwy, Greenbush, MI 48738

$450,000

7.45 Acres

View details

Lake Huron Cabin Investment Opportunity

4060 S US-23 Hwy, Greenbush, MI 48738

$450,000

7.45 Acres

View details

Similar Off Market Nearby

• Sweetwater Sea Bed and Breakfast — 2307 US-23, Greenbush, MI 48738
• Pappas Motel and Cottages — 5139 Main St, Greenbush, MI 48738
• Bliss on the Bluff — 2110 N U.S. 23, Greenbush, MI 48738

Frequently Asked Questions

What type of property is this?

Motel - Furnished accommodations include one-bedroom rooms, cottages, and a mobile home.

Where is this motel located?

The property is located at 5139 Main St Greenbush, MI.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 9 rental units: 6 one‑bedroom motel rooms, 2 cottages, and 1 mobile home; 100‑foot waterfront beach in Greenbush, MI; 1,620‑square‑foot home with basement